John C. Bogle, the investment giant and founder of the Vanguard Group of
mutual funds, and Wiley are excited to announce the release of Bogle
On Mutual Funds: New Perspectives For The Intelligent Investor (WILEY;
April 2015; $19.95) and John
Bogle on Investing: The First 50 Years (WILEY;
April 2015; $29.95) in the “Wiley Investment Classics Series”with
new introductions.
The first book in the series, Bogle On Mutual Funds, was
Bogle’s first book and was written in Bogle’s signature, down-to-earth
style making it accessible to investors at any level. The framework it
presents for creating an investment portfolio is well grounded in
Bogle’s fact-founded wisdom and guiding principles, proven over and over
again during the near-quarter-century since its first publication in
1993. It explores the rewards of investing, the inherent investment
risks, and the pitfalls to avoid. Drawing on his years of investment
wisdom and success, Bogle outlines the time-tested principles and
practicalities of investing through mutual funds.
At the heart of Bogle’s analysis are three “New Perspectives” on key
investment issues. When the first edition of Bogle on Mutual Funds was
published, these topics had not been given much attention in financial
literature. Today, however, these ideas are firmly in the mainstream of
investing’s conventional wisdom. Those three new perspectives—index
funds, mutual fund costs, and taxes and mutual funds—remain critically
important topics for mutual fund investors to consider. Bogle shows the
way to intelligently navigate these issues in order to maximize
investors’ chances for investment success.
Bogle’s approach to mutual fund investing offers an effective method for
developing a broadly diversified investment program. Step by step, he
shows how to develop a long-term and strategic investing approach that
balances the myriad market risks and shows how to manage the bumps along
the volatile road of the marketplace.
Much of what investors have heard about mutual funds is misleading at
best, flat-out wrong at worst. When structured appropriately and
approached with realistic expectations, the right mutual fund can be a
valuable addition to any portfolio. Bogle On Mutual Funds shows
readers how to do it right, with the expert perspective of an industry
leader.
The second book in the series, John Bogle on Investing,
reveals Bogle’s candid insight on finance, economics, mutual funds,
stewardship, and idealism. The book includes his essays spanning the
first 50 years of his legendary career, beginning with his landmark
Princeton University senior thesis, “The Economic Role of the Investment
Company.” This thesis ultimately established Bogle’s guiding principles
for successful investing.
John Bogle on Investing represents the highest manifestation of
Bogle’s idealism—his long-standing view that the central principle of
the mutual fund business should be not the marketing of financial
products to customers, but the stewardship of investment services for
clients. First published in 2001, in 2015 it is well on its way to
becoming a classic.
In his own words, Bogle explores past trends and future developments
driving the fund industry and reveals the most effective means of
building wealth over the long term. He outlines the four elements for
developing an ideal investment program and explains how to reap the
benefits of the powerful magic of long-term compounding of investment
returns, all the while minimizing the devastating tyranny of compounding
costs.
He also explains how the unique corporate structure he designed for
Vanguard in 1974 put the focus on low costs and service to clients. His
creation of the world’s first index mutual fund in 1975 was critical to
that story; and in 1977, he revolutionized the use of “no-load” mutual
funds and redefined the structure of bond funds.
Individually, each of these speeches delivers a powerful lesson in
investing; taken together, Bogle's lifelong themes ring loud and clear.
His investing philosophy has remained more or less constant throughout
his illustrious career, and this book lays it out so readers can learn
from the very best.
Contact the publicist:
Melissa Connors
Publicity Manager
mconnors@wiley.com
201-748-6834